yes, follow the below step 



Individual tax return:

  • (1) Losses on business schedule P8 item Z = needs to match with total transferred to 15C =TOTAL LOSSES $100K
  • (2) Losses to be deferred: P9 – choose type of loss: “loss must be deferred”
    • Net loss amount = amount of losses to be deferred. $40K
  • (3) Income item 16: deferred non-commercial business losses: needs to fill “the amount to be deferred” = $40K in both “Other” and “Non-Primary production deferred losses”

    --> By doing this, total taxable income will be reduced by $60k, and defer $40k